iShares Gold Trust $IAU Shares Sold by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,761 shares of the exchange traded fund’s stock after selling 6,815 shares during the quarter. iShares Gold Trust makes up approximately 3.2% of Summit Place Financial Advisors LLC’s portfolio, making the stock its 5th biggest position. Summit Place Financial Advisors LLC’s holdings in iShares Gold Trust were worth $7,323,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Swmg LLC raised its position in iShares Gold Trust by 7.9% in the 3rd quarter. Swmg LLC now owns 13,918 shares of the exchange traded fund’s stock valued at $1,053,000 after purchasing an additional 1,022 shares during the last quarter. Tarbox Family Office Inc. boosted its stake in iShares Gold Trust by 13.7% during the 3rd quarter. Tarbox Family Office Inc. now owns 17,148 shares of the exchange traded fund’s stock worth $1,339,000 after purchasing an additional 2,071 shares during the period. Morton Capital Management LLC CA boosted its stake in iShares Gold Trust by 2.7% during the 3rd quarter. Morton Capital Management LLC CA now owns 154,140 shares of the exchange traded fund’s stock worth $12,038,000 after purchasing an additional 4,031 shares during the period. Valen Private Capital LLC acquired a new stake in iShares Gold Trust during the 3rd quarter worth $289,000. Finally, Anderson Hoagland & Co. grew its position in iShares Gold Trust by 0.3% during the 3rd quarter. Anderson Hoagland & Co. now owns 771,604 shares of the exchange traded fund’s stock worth $58,380,000 after purchasing an additional 1,944 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

More iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Gold received some support from falling Treasury yields, which can reduce the opportunity cost of holding a non-yielding asset. Gold also rebounded from the $4,000 area, suggesting that level is attracting buyers. Gold Defends $4,000 After Bounce as Fed Signals Take Center Stage
• Positive Sentiment: Inflation expectations increased in the University of Michigan’s October survey, potentially supporting longer-term demand for gold as an inflation hedge. However, consumer sentiment was broadly steady and above expectations. Gold price trades near $4,000/oz after final Consumer Sentiment holds steady

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $75.15 on Monday. iShares Gold Trust has a 1 year low of $73.74 and a 1 year high of $104.40. The company has a market capitalization of $59.26 billion, a P/E ratio of 5.53 and a beta of 0.18. The company’s fifty day moving average is $80.90 and its two-hundred day moving average is $81.70.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).